NOT LISTED FOR SALE

2551 E Johnson St Unit 1 Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $428,000 - $469,054

4 Beds
2 Baths
2,200 Sq Ft
$205/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $198,900 $90 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,821/month

Highlights

  • Property is near a bus stop
  • Dining Room
  • Washer and Dryer
  • Water Softener is Owned
  • Laundry Facilities

About This Home

As of April 2014

Outstanding 2-unit. You will never find anything easier to rent. Tenants pay gas and electric. Owner is flexible and willing to change or update building to meet buyer's needs. See attached Executive Summary Sheet for income analysis. Please allow 30 hour notice.

Last Agent to Sell the Property

Gerardo Jimenez

Sprinkman Real Estate License #52378-90 Listed on: 10/10/2012

Last Buyer's Agent

Kellie Unke

Stark Company, REALTORS License #45269-94

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,442

Year Built

  • Built in 1924

Lot Details

  • 5,271

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Location

  • Property is near a bus stop

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $10,040

Listing and Financial Details

  • Assessor Parcel Number 0710-061-1402-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,442

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage, Detached
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 10754

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 20794

Tax Info

  • Net Taxes: 4442
  • Tax Year: 2013
  • Assessor Parcel Number: 0710-061-1402-0

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2023
Sold by
Drenoske Steven L and Drenoske Steven L
Bought by
Sl Drenoske Trust
Current Estimated Value
$451,764

Purchase Details

Listed on
Oct 10, 2012
Closed on
Apr 30, 2014
Sold by
T S R 2012 Charitable Trust
Bought by
Drenoske Linda K and Drenoske Steven L
Seller's Agent
Gerardo Jimenez
Sprinkman Real Estate
Buyer's Agent
Kellie Unke
Stark Company, REALTORS
List Price
$219,900
Sold Price
$198,900
Premium/Discount to List
-$21,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%
Original Mortgage
$149,175
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2012
Sold by
Ripple Thomas D
Bought by
T S R 2012 Charitable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sl Drenoske Trust -- None Listed On Document
Drenoske Linda K $198,900 None Available
T S R 2012 Charitable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drenoske Linda K $149,175
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $198,900 -9.5% $90 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
10/10/2012 10/10/12 For Sale $219,900 -- $100 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,087 $402,600 $87,300 $315,300
2023 $6,790 $376,300 $81,600 $294,700
2021 $6,250 $294,700 $65,700 $229,000
2020 $6,052 $272,900 $60,800 $212,100
2019 $6,077 $272,900 $60,800 $212,100
2018 $5,584 $248,100 $60,800 $187,300
2017 $5,259 $225,500 $55,300 $170,200
2016 $5,005 $208,800 $55,300 $153,500
2015 $4,738 $187,000 $49,700 $137,300
2014 $4,453 $187,000 $49,700 $137,300
2013 $4,283 $181,600 $48,300 $133,300
Source: Public Records

Agents Affiliated with this Home

  • Gerardo Jimenez

    Seller's Agent in 2014

    Gerardo Jimenez

    Sprinkman Real Estate

    (608) 469-6651

    1 in this area

    152 Total Sales

    Gerardo Jimenez
    Section Image
  • Kellie Unke

    Buyer's Agent in 2014

    Kellie Unke

    Stark Company, REALTORS

    (608) 225-2930

    181 Total Sales

    Kellie Unke
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1668032

South Central Wisconsin Multiple Listing Service

APN: 0710-061-1402-0

Wisconsin Dane County Madison 53704 Emerson East

2551 E Johnson St Unit 1, Madison, WI

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